Calculated-industries 43285 Manuel d'utilisateur Page 46

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Solving for Actual Qualifying Ratios with Borrower & Property Data
A buyer who makes $85,000 annually and has $1,000 in long-
term monthly debts wants to borrow $150,000 to purchase a
home. Estimating an additional $300 per month for other
housing expenses, what will this borrower’s ratios be? (Use
10% interest for 30 years.)
Steps Keystrokes Display
Clear calculator [On/C] [On/C] 0.00
Enter interest 10 [Int] 10.00
Enter term 30 [Term] 30.00
Enter loan amount 150,000 [L/A] 150,000.00
Enter annual income 85,000 [Inc] 85,000.00
Enter monthly debts 1,000 [Debt] 1,000.00
Enter monthly expenses 300 [Exp] 300.00
Display stored ratios [Qual 1] 28.00 – 36.00
Calculate actual ratios [Qual 1] “run” 22.82 – 36.94
45 – User’s Guide
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